Oct 22 STI crashes and bottom out?
Past data points can be used as a guide to do some betting or speculating?
Let see how STI performs today!
Terrible or terrific?
What time now?
How near to 12 Midnight when the Party ends?
U.S. stocks dropped sharply on Friday as a new Covid variant found in South Africa triggered a global shift away from risk assets.
The Dow Jones Industrial Average dropped 905.04 points, or 2.53%, for its worst day of the year, closing at 34,899.34. The S&P 500 lost 2.27% to close at 4,594.62, while the Nasdaq Composite slipped 2.23% to finish at 15,491.66. The Dow was down more than 1,000 points at session lows.
The downward moves came after World Health Organization officials on Thursday warned of a new Covid-19 variant that’s been detected in South Africa. The new variant contains more mutations to the spike protein, the component of the virus that binds to cells, than the highly contagious delta variant. Because of these mutations, scientists fear it could have increased resistance to vaccines, though WHO said further investigation is needed. On Friday, the WHO deemed the new strain a variant of concern and named it omicron.
Bitcoin as one point traded as low as $53,549, its lowest level since early October.
The cryptocurrency is down 20% from an all-time high of nearly $69,000 which it hit earlier this month.
Bear markets are typically defined by a decline of 20% or more from recent highs.
BTC also panic selling???
BTC is supposed to be future proof?
Friday, 8 October 2021
Read? STI - Snail Pacing Up And Down In Narrow Range
Can STI Snail make it this round?
COVID-19 Round 2 War Chest deployment akan datang?
STI falls 2.18 per cent to 9-week low as Singapore imposes social curbs
FRI, MAY 14, 2021 - 6:05 PM
ANITA GABRIELanitag@sph.com.sg@AnitaGabrielBT
SINGAPORE'S key Straits Times Index fell more than 3 per cent mid-Friday as fresh lockdown rules to fight rising Covid-19 cases raised concerns about the mending economy.
The STI plunged the most in nearly a year by 68.24 points or 2.18 per cent to finish at a nine-week low of 3,055.02 on Friday. The losses made the local bourse an outlier in the region as its major peers finished the week on a higher note following modest gains overnight in Wall Street as inflation worries eased.
Week-on-week, the STI has lost 145.2 points or 4.5 per cent after closing red every day in a holiday-shortened trading week.
The emergence of major clusters at the airport and a local hospital, which prompted the latest round of restrictions, serves as a stark reminder on how delicate the recovery from the pandemic is, albeit fortified by the ongoing vaccine rollout.
"Tightened social restrictions will effectively freeze the recovery of private consumption in the short term," remarked Yu Liuqing of The Economist Intelligence Unit (The EIU), adding however that disruption to businesses will be less pronounced than the circuit breaker period last year as businesses have adapted to working from home.
Turnover was high with 3.52 billion units worth S$3.22 billion changing hands. In the broader market, decliners outpaced gainers with 467 counters down and 127 up.
Singtel retreated 9 Singapore cents or 3.7 per cent to S$2.32 and was the day's seventh most actively traded with 72 million shares worth S$168 million done. The telco said on Friday morning that it was launching a strategic review of two key units and warned that its second half and full year ended-March results are expected to include net exceptional losses of S$839 million and S$1.21 billion respectively owing to impairments.
Frencken Group closed unchanged at S$1.42. The company released a stellar first quarter update earlier this week on better product mix and margins. DBS Group Research issued a buy rating on the counter with a 12-month target price of S$1.98 given its resilient earnings, thanks to its diversified portfolio, and higher contribution from the semiconductor segment.
The Dow Jones Industrial Average swung wildly Friday to close near its session low as Wall Street struggled to shake off fears of rapidly rising rates.
The blue-chip benchmark ended the volatile session 469.64 points, or 1.5%, to 30,932.37 after trading in the green earlier. The S&P 500 fell 0.5% to 3,811.15 as energy and financial stocks pulled back. The Nasdaq Composite ended the day 0.6% higher at 13,192.34 as Big Tech names rebounded after a large sell-off in the previous session amid surging bond yields. Facebook, Microsoft and Amazon each rose more than 1%. The tech-heavy benchmark gyrated in Friday’s session where it jumped 1.9% at its high and fell as much as 0.7%.
All three major averages posted weekly losses as fears of higher interest rates and inflation deepened. The S&P 500 slid 2.5% this week for its second negative week in a row. The 30-stock Dow fell 1.8%, and the Nasdaq was the relative underperformer this week, losing 4.9%.
Hmm ... Clock has struck 12? Party ending?
Read? STI correction Akan Datang???
Dow drops more than 600 points Friday, suffers worst week since October amid GameStop trading frenzy
Bloody STI on Monday???
SINGAPORE — Shares in Asia-Pacific fell in Thursday morning trade following an overnight plunge on Wall Street that wiped out the S&P 500′s 2021 gains and left it in negative territory for the year.
In Japan, the Nikkei 225 declined 2.01% in early trade while the Topix index shed 1.81%. South Korea’s Kospi also fell 1.77%.
Shares in Australia fell in morning trade, with the S&P/ASX 200 dropping 2.27%.
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